Coin highlights: Bytom

BTM (Bytom) as Large-cap Coin is 69th in the 2100NEWS ranking. The quality of the order book of BTM is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 13.9. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.

About coin

NTM has been launched in 29 exchanges.

BTM as Large-cap Coin is 69th in 2100NEWS ranking (after Index Review of 24th April 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.

Over the past week, the average market cap was $64.6 million, average daily volume was $19.3 million.

In this paragraph, we will look at how the market, with price changes, evaluates project progress. It seems important to us if the project is out of the ordinary tide of crypto project prices. To make appropriate peer comparison we gauged the BTM (Bytom) coin with 2100NEWS DA Coin Index (NWSCo100). Looking at the daily chart below, at the top we can see the BTM vs. NWSCo100, in the middle of the chart is the original BTM price, at the bottom of the chart are NWSCo100 and correlation between BTM and NWSCo100. On average (purple area graph), the relationship between BTM and NWSCo100 has shown that BTM was weaker in recovery rally in April. In the last four months, NWSCo100 has beaten it by 8%. However, comparing the BTM green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearson’s correlation coefficient = 0.97). BTM was moving in the same direction as the NWSCo100 but in the rally phase, it grew slower and falling behind the index. It has been a good representative of the NWSCo100 index in terms of price changes.

2100NEWS observation:

Bytom has developed rapidly over the last two years. They publish weekly reports on their work. The MOV is in the final stages of launch. Bytom constantly performs functional tests and debugs. They are aware of the importance of security. Therefore, their development is designed to increase security, one of which is to verify the wallet address of the asset management wallet. They are working on the optimization of BTC service. Recently they opened Telegram Announcements Channel. They have 22.5K followers at Twitter.

About Bytom – what they do

Bytom Blockchain Protocol is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and so forth that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom. Bytom endeavors to bridge the atomic world and the byte world, promoting the interaction of assets between the two worlds, with the mission of creating diverse assets and a programmable economy.

Bytom aims to build a global open platform for registration of byte assets and to facilitate the definition, creation of byte assets, and to makes it easier for users to understand.

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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins BTM.

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